LMM/MM UK PE - pay bumps?
Given the market wide bump in basesalaries acrossBBs,EBsand evenMMs(in addition toMF/UMM PE), curious tosee if LMM/MMPE have followed suit?
My understanding was that previously a new analyst leavingIBwould expect £70/80k all in comp in UK LMM/MMPE. Have any bumped? Would make it a tough sell to leave banking if these figures haven't increased materially?
For context, currently in UK MMPE and NO pay bump yet. Expect c95-100k all in comp this year.
Comments (7)
My data points are limited but I am not aware of any UK LMM/MMPEfirms offering pay bumps. I do know that a lot are hiring, but there have been no shortage of applicants from what I can see. Over time I do expect base pay to rise inPEas the banks have seen such large increases.
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OP here. That's what I'm seeing as well. Surely they will have no choice as it just makes it so uncompetitive v banking. They being said it still trumps big 4 where a lot of them hire from.
你击中了要害。在那里's no incentive for these guys to raise comp if they're already getting the talent they need, especially if they're hiring from the likes of Big 4. When the pay bumps come I doubt they will be huge.
Was my understanding that LMM associates should be expecting 75-80k base with 100% bonuses not uncommon? Surely an 80k all in salary can't attractIBassociates breaking 200k
yes can confirm those numbers
I'm on 130k all in at LMM UK Ass. 1, although I reckon there could be a price bump incoming for me to 160k
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